Bernard Thibault, the secretary of the Communist-backed Confédération Générale du Travail, one of France's largest unions, warned that at least 45,000 jobs (and maybe as many as 90,000) will be jettisoned by some 46 companies.
Asian stock markets plunged Monday as weaker-than-expected economic data from the US and China raised concerns over the strength of global economic recovery.
Advisers to President Barack Obama and Republican nominee Mitt Romney turns assigning blame for May's grim jobs figures on Fox News Sunday, as the candidates try to spin a paltry 69,000 new jobs into a positive talking point for the incumbent and his Republican challenger.
Steve Jobs gave a lot of juicy quotes before he died, and Apple Inc (AAPL.O) has failed to keep some of them out of an upcoming patent trial against Google's (GOOG.O) Motorola Mobility unit, according to a court ruling.
With the Institute for Supply Management's manufacturing report and the U.S. Bureau of Labor Statistics' Employment Situation Summary both weaker than analysts' consensus estimates on Friday, U.S. stocks closed a holiday-shortened trading week by dropping like so many hot pennies scattered in cold snow.
A shockingly weak jobs report hammered U.S. equities Friday, as major stock indexes headed for their worst loss of the year and erased all of their 2012 gains.
Democrats and Republicans are working to blame each other's policies for a lackluster May U.S. jobs report, cementing the critiques that will reverberate through the general election in November.
This backdrop of the weakening of the global economy could promote a broad round of coordinated central bank easing.
Friday morning's weak jobs report made it easy for Republicans to attack President Barack Obama's economic policy, quickly blaming him for the lower-than-expected 69,000 jobs added in May and an increased employment rate from 8.1% to 8.2%
It was strange not to see Steve Jobs fill one of the iconic red executive chairs at the D10 Conference in Rancho Palos Verdes, Calif., hosted by All Things Digital's Walt Mossberg and Kara Swisher, but current Apple CEO Tim Cook did his best to fill the massive vacancy left by Jobs with some heartwarming stories about Steve, his life at Apple, and some encouraging signs that the world's most valuable technology company is moving in the right direction.
Local reporter suggests that Daisey is responsible for the New York Times investigation of factory conditions at Foxconn.
Too many leaked parts. Too many missing phones. Whatever the real reason is, Apple CEO Tim Cook wants to double down on secrecy on products coming out of Cupertino. Cook's announcement at the D10: All Things D Conference would make Apple fans, as well as the late Apple founder Steve Jobs, very proud.
Shares of BlackBerry developer Research in Motion (Nasdaq: RIMM) rose as much as 3.8 percent Tuesday after reports it might shed 2,000 more employees soon. But they fell 10 percent later.
The name Steve Jobs has become synonymous with Apple Inc., but some may not know that the late co-founder and former CEO of the iPhone manufacturer once worked for iconic game-maker Atari. Sotheby's is taking Apple and Atari fans back in time by auctioning a handwritten memo penned by Jobs himself during that period.
Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed.
Oh, the horror!
General Mills Inc. (NYSE: GIS), the maker of Cheerios cereal and Pillsbury pastries, said Wednesday it will cut 850 jobs to cut costs in the face of rising food prices.
The GOP touts itself as the party of job creation. But the party of which president - Democratic or Republican - creates more jobs per year, on average?
Photos of Ashton Kutcher's Steve Jobs makeover have surfaced on TMZ. Decked out in a black turtleneck, jeans and New Balance sneakers, Ashton Kutcher was spotted in full character in the photos as the former Apple CEO made his way to the set of the Jobs biopic in L.A. on Friday. News of Kutcher, 34, signing on to play Jobs in the biopic was reported by Variety in early April.
In another public effort to pressure Congress to act, President Obama plans to release a five-point list of legislative proposals favored by the White House.
The makers of the meat product infamously labeled pink slime have reportedly decided to close three of its beef processing plants, following months of criticism against the use of the meat filler in food products.
Asian stock markets plunged Monday as weaker-than-expected US employment report and election results from Europe weighed on investor sentiment.
